KUALA LUMPUR, Nov 20 (Bernama) — CIMB Bank Berhad (“CIMB”) through its Hong Kong branch recently onboarded Hong Kong’s Shangri-La Asia Limited (“Shangri-La Asia”) and Kerry Properties Limited (“Kerry Properties”) as clients for its sustainability linked loan (“SLL”), embedding environmental, social and governance (“ESG”) aspirations into their funding/borrowing.
The SLL requires ongoing commitments from both Shangri-La Asia and Kerry Properties to deliver their sustainability performance in order to receive sustainability-linked rebates/incentives, which are tied to pre-agreed Sustainability Performance Targets (“SPTs”) that are unique for each client’s business profile and subjected to stringent independent third-party verification.
